New build homes save owners £600 a year on bills! Modern construction techniques are helping new build homeowners save hundreds of pounds a year through increased energy efficiency, says the Home Builders Federation.
People living in new build homes can save about £600 a year on energy bills. Eight out of 10 recently constructed homes in England and Wales have the top A or B energy efficiency rating, compared with just 2.2% of existing properties, according to the Home Builders Federation (HBF). These higher levels of energy efficiency mean the average person living in a new build home spends only £443.30 a year on heating, lighting and hot water, less than half the £1,072 people in older properties typically shell out.
New build homes use modern construction techniques and materials to make them more energy efficient. The properties typically use high quality insulation in the roof and walls to prevent heat escaping. They are also increasingly incorporating energy efficiency into the property’s design, such as installing boilers that only produce hot water when it is needed, or having double glazing filled with argon gas.
The lower level of bills is likely to appeal to first-time buyers, who may face bigger monthly mortgage repayments relative to their salaries than people who have been homeowners for longer.
Fuel costs have increased by around 36% during the past decade, so the savings of living in a new build home are likely to grow. With housing accounting for around 30% of the UK’s energy use, living in a recently constructed home also has significant benefits for the environment. But there are a number of simple steps everyone can take to reduce their energy usage.
Our top energy saving tips:
- Turn your thermostat down by one degree Celsius to save up to £85 a year
- Switch off the tech: leaving televisions and games consoles on permanent standby costs £45-£80 annually
- Wash your clothes at 30-40 degrees celsius rather than 60 degrees Celsius to save significant amounts of money
- Replace old inefficient light bulbs with modern ones, as lighting can account for as much as 20% of your power bill
- Insulate your home; depending on the work you have done, the cost can be recouped in about three years. Also, there are grants available from some energy suppliers under a scheme called the ‘Energy Companies Obligation (ECO)’
Top 3 takeaways
- People living in new build homes can save around £600 a year on energy bills
- Eight out of 10 recently constructed homes in England and Wales have the top A or B energy efficiency rating, compared with just 2.2% of existing properties
- The average person living in a new build home spends only £443 a year on heating, lighting and hot water, less than half the £1,072 people in older properties spend